News

ABU DHABI / WAM The UAE won membership of the Executive Board of the Organisation for the Prohibition of Chemical Weapons (OPCW), for the 2020-2022 period, thus becoming the representative of the Organisation ‘s Asian member states. This is the first time that the UAE has become a member of the OPCW Executive Board since its joining date on December …

Bloomberg Oil rose on signs of progress in trade talks between the US and China, and estimates that American crude inventories retreated for the first time in five weeks. Futures gained 0.6% to trade above $58 a barrel in New York. Washington and Beijing “reached consensus on properly resolving relevant issues” to pursue a “phase one” trade deal during a …

DUBAI / WAM The Dubai Diamond Exchange (DDE) – a subsidiary of DMCC, the Government of Dubai Authority on commodities trade and enterprise – announced on Monday that it had successfully hosted one of the largest rough diamond tenders ever to take place in the UAE. Stargems – a DMCC-registered international diamond company with interests in all aspects of the …

ABU DHABI / WAM Emirates Global Aluminium (EGA) on Monday announced that it has signed an agreement with Xinfa to supply bauxite from its Guinea Alumina Corporation (GAC), bauxite mine in the Republic of Guinea to the Chinese company for the next five years. Under the agreement, EGA will supply Xinfa with millions of tonnes of bauxite each year from …

ABU DHABI / WAM Driverless vehicles may hit the UAE roads in 2021 as the UAE is preparing to become the first country in the world to have regulations on autonomous vehicles, a top official told Emirates News Agency (WAM) on Monday. “We will announce first draft of the standards and regulations for autonomous vehicles on Tuesday in the 5th …

Dubai / Emirates Business Alpen Capital Limited, Dubai-headquartered investment banking advisory firm, announced the publication of its latest report on the GCC Insurance Industry for the year 2019. The report provides a comprehensive overview of the GCC insurance sector and outlines the recent trends, growth drivers and challenges in the sector. It also profiles some of the prominent insurance companies …

DUBAI / Emirates Business Enoc Group, the Official Integrated Energy Partner of Expo 2020 Dubai, on Sunday marked the ground-breaking of its Expo 2020 Dubai pavilion, located near the UAE pavilion and between the Sustainability and Opportunity Districts. Under the theme of ‘Reimagine Energy’, the pavilion will be split across five distinct pavilion structures or ‘houses’ inspired by traditional oil …

Washington / WAM His Highness Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation concluded his visit to Washington, DC after meeting with senior US government officials. Sheikh Abdullah met US Secretary of State Mike Pompeo. They discussed UAE-US cooperation to create mutual prosperity and ensure security in the Middle East and around the world. “The …

Dubai / WAM Domestic workers aged over 60 years shall be allowed to get their employment contracts renewed under three conditions, including medical fitness, payment of medical coverage and an official consent by competent departments allowing them to continue their residency visa, according to the UAE Ministry of Human Resources and Emiratisation. According to the ministry’s announcement, the auxiliary worker …

STOCKHOLM / WAM An agreement signed by the UAE and Sweden for startups, innovation and entrepreneurship cooperation will take the two countries’ partnerships to a higher level, Sultan bin Saeed Al Mansouri, Minister of Economy. The MoU was signed by the Ministry of Economy and Swedish Ministry of Enterprise and Innovation during a visit by Al Mansouri and a top-level …